Specialist lender Lendco has introduced a range of five-year fixed buy-to-let products and cut select existing five-year fixed rates by up to 30 basis points.
The five-year fixed rates are available on standard properties as well as houses in multiple occupation (HMO) and multi-unit blocks (MUB).
Loans are available up to £3m per asset and up to 75 per cent loan to value (LTV) with £10m maximum borrower exposure.
Expats and foreign national borrowers are also eligible for loans up to £2.5m per asset.
Tracker rates from 2.25 per cent over the swap rate and interest coverage ratio (ICR) stress rates are priced from 6.75 per cent.
Low and zero early repayment charge options are available so borrowers can switch deals in the future through a product transfer.
Alex King, executive director of Lendco, said: “We feel this new range of products gives both brokers and borrowers alike the options they need to navigate this period of higher borrowing costs.”
“In addition to our buy-to-let offering, we have bridge-to-let options for borrowers looking to acquire, modernise and improve the energy efficiency of properties before dropping into a buy-to-let loan.
“Borrowers can capital raise on the buy-to-let leg so can access a proportion of the value they have created with minimal fuss.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.